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Fallingchannelbreakout

Indian Overseas Bank (IOB) - Falling Channel Breakout Setup📈 Indian Overseas Bank (IOB) – Falling Channel Breakout Setup Watching a classic falling channel on the daily timeframe with multiple touches on both trendlines. Recent breakout above ~38.8 confirms the channel break. ✅ Planned Trade Details: - Entry above 38.8 (confirmation) - Stop-loss: 35.90 - ATR-based stop option: ~37.45 for tighter risk control - Target zone: 48.80 based on channel height projection Volume confirmation and follow-through will be key for validating the breakout. Tracking this for a positional swing trade.
NSE:IOBLong
by Punit190
Falling Channel Pattern in Indian Overseas Bank📉 IOB (Indian Overseas Bank) - Falling Channel Setup 🔍 Daily Chart Analysis – June 26, 2025 IOB has been trading within a well-defined falling channel since early 2024. Price is currently testing the upper boundary of the channel but hasn’t confirmed a breakout yet. 🔑 Key Observations: Structure: Clearly respecting the falling channel. Moving Averages: Price is hovering around short-term EMAs (20 & 50) and below the both EMA, indicating weak momentum. Volume: No significant volume surge yet to support a breakout. Confirmation needed: A close above the trendline (~₹39–40) with volume would be an early sign of bullish reversal. 🎯 Watch for: Breakout above ₹40 with increased volume = potential short-term rally. Failure to break may result in retesting lower channel support near ₹33–34. 🧠 Adding this to my breakout watchlist. Will reassess if it closes outside the channel.
NSE:IOBLong
by Punit190